Question # 3 of 15 ( Start time: 04:01:08 PM )

Total M - 1

Store incharge after receiving the material as per the goods received note, places the material at its location and makes an entry in_________ .

Select correct option:

 

 

Bin Card

 

Store Ledger Card

 

Stock Ledger

 

None of the given options

 

  

 

 





Quiz Start Time: 
03:59 PM

 

59 
sec(s)

 

 

 

Question # 4 of 15 ( Start time: 04:01:54 PM )

Total M - 1

A method by which the good used are priced out at average cost is known as:

Select correct option:

 

 

BCVO

 

AVCO

 

c.FIFO

 

LIFO

 

  

 

 





Quiz Start Time: 
03:59 PM

 

63 
sec(s)

 

 

 

Question # 5 of 15 ( Start time: 04:03:05 PM )

Total M - 1

If, Sales = Rs. 800,000 appli Markup = 25% of cost What would be the value of Gross profit?

Select correct option:

 

 

Rs. 200,000

 

Rs. 160,000

 

Rs. 480,000

 

Rs. 640,000

 

  

 

 





Quiz Start Time: 
03:59 PM

 

76 
sec(s)

 

 

 

Question # 6 of 15 ( Start time: 04:03:43 PM )

Total M - 1

Which of the following cost is used in the calculation of cost per unit?

Select correct option:

 

 

Total production cost

 

Cost of goods available for sales

 

Cost of goods manufactured

 

Cost of goods Sold

 

  

 

 





Quiz Start Time: 
03:59 PM

 

24 
sec(s)

 

 

 

Question # 7 of 15 ( Start time: 04:04:30 PM )

Total M - 1

Overtime that is necessary in order to fulfill customer orders is called:

Select correct option:

 

 

Avoidable overtime

 

Unavoidable overtime

 

Premium Overtime

 

Flex time

 

  

 

 

 

 





Quiz Start Time: 
03:59 PM

 

66 
sec(s)

 

 

 

Question # 9 of 15 ( Start time: 04:06:20 PM )

Total M - 1

Where the applied FOH cost is less than the actual FOH cost it is:

Select correct option:

 

 

Unfavorable variance

 

Favorable variance

 

Normal variance

 

Budgeted variance

 

  

 

 





Quiz Start Time: 
03:59 PM

 

64 
sec(s)

 

 

 

Question # 10 of 15 ( Start time: 04:06:55 PM )

Total M - 1

Generally, the danger level of stock is fixed ________ the minimum level.

Select correct option:

 

 

Below

 

Above

 

Equal

 

Danger level has no relation to minimum level

 

  

 

 

 

Question # 11 of 15 ( Start time: 04:07:53 PM )

Total M - 1

Cost of Goods Manufactured can be calculated as follow

Select correct option:

 

 

Total factory Cost Add Opening Work in process inventory Less Closing Work in process inventory

 

Total factory Cost Less Opening Work in process inventory Add Closing Work in process inventory

 

Total factory Cost Less Opening Work in process inventory Less Closing Work in process inventory

 

Total factory Cost Add Opening Work in process inventory Add Closing Work in process inventory

 

  

 

 

 





Quiz Start Time: 
03:59 PM

 

71 
sec(s)

 

 

 

Question # 13 of 15 ( Start time: 04:10:37 PM )

Total M - 1

What will be the impact of normal loss on the overall per unit cost?

Select correct option:

 

 

Per unit cost will increase

 

Per unit cost will decrease

 

Per unit cost remain unchanged

 

Normal loss has no relation to unit cost

 

  

 

 





Quiz Start Time: 
03:59 PM

 

 

 

 

 

Question # 14 of 15 ( Start time: 04:11:12 PM )

Total M - 1

Which of the following is/are not associated with ordering costs?

Select correct option:

 

 

Interest

 

Insurance

 

Opportunity costs

 

All of the given options

 

  

 

 





Quiz Start Time: 
03:59 PM

 

68 
sec(s)

 

 

 

Question # 15 of 15 ( Start time: 04:11:46 PM )

Total M - 1

PVC company has ordering quantity 10,000 units.They have storage capacity 20,000 units,The average inventory would be:

Select correct option:

 

 

20,000

 

5,000

 

10,000

 

25,000